Class 1

Class 2

September 13, Room 1002, Time 12:40 - 1:35

Course outline given to the class.

Orientation class: A brief overview of the whole
course.

Class 3

September 18, Room 1002, Time 12:35 - 1:45

Chapter 1. Traditional vs. development economics.
Various concepts of development: evolution of the concept of development
through time. Traditional views of development. Modern views of development.
Definition of development and capability.

Class 4

September 20, Room 1002, Time 1:05 - 1:50 PM

Amartya Sen’s capability approach. Five
disparities that reduce a person’s capability of converting income or wealth
into benefits. Two ways of increasing capability, based on Amartya Sen’s
viewpoint.

Class 5

September 25, Room 1002, 12:50 - 1:55

Core values of development. Objectives of
development. International organizations that contribute to global economic
development. Development and happiness.

Class 6

September 27, Room 1002, 12:45 - 1:50

Chapter 2. Various proxies of development and
their pros/cons: GDP, PCGDP, GNI, HDI, MPI. Definition and calculation of GDP.
Math: calculate GDP.

Announcement of class test 1 (quiz) to be held on
next Wednesday.

Class 7

October 2, Room 1002, 12:35 – 1:45 PM

Inflation and its calculation using CPI.
Impact of inflation on the economy.

Class 8

October 4, Room 1002, 12:35 – 1:45 PM

Impact of deflation on the economy.
Calculation of inflation using GDP deflator.

Class 21

December 6, Room 1002, 12:35 - 1:45 PM

Details on headcount index, TPG, APG, P1 /FGT1,
and P2/FGT2. Difference between P1 and P2. Poorest five countries in the world
and the position of Bangladesh.
Various measures of inequality. An overview on size distribution, Lorenz curve,
Kuznets ratio, and Gini coefficient. Countries with highest inequality and the
position of Bangladesh.

Class 22

December 8, Room 1002

Math: calculating Kuznets ratio, Lorenz curve,
Gini coefficient.

Class 23

December 13, Room 1002, 1:00 - 2:30 PM

Chapter 6. Institutional factors. Impact of some
institutional factors on the economy.

Chapter 7. Demand of energy in the future. Large
projects in the distant future. Terraforming Mars, cloud cities in Venus, and
Dyson sphere. Sustainable development goals.